"The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor" - 5 new articles
Stock Picks and Trade Ideas For FridayNew Buys: DDS (in at 15.41), HILL (rebuy, in at 2.05), PCS (in at 6.55), SKIL (in at 10.58_  Stock Picks and Trade Ideas for ThursdayNew Buys: BONT (in at 11.54), CMFO (rebuy, in at 5.63), OPTT (in at 10.64), PRIM (in at 8.27), TTIL (in at 1.48*)  New BuysNew Buys: AMD (in at 7.23), CGA (in at 14.14), CML (in at 21.00), GNV (in at 3.07), GRO (in at 3.02), KERX (in at 2.37), KOPN (rebuy, in at 4.72), RURL (in at 5.89), SCVL (16.49), TMI (12.98), TWLL (in at 11.59)  Interesting FinishIt was quite interesting to see how resilient the overall markets are to the sinking VIX pressure. Today's action seems to be hinting towards a green open for tomorrow. This positive trend may continue until the markets hit resistance once the VIX reaches the mid to low 20 area. Overall, I believe that we have at least another day to make decent gains before major selling erupts. HPJ, QTM and XRTX were some of the more impressive stocks today. Both HPJ and XRTX have made terrific recoveries and presented themselves as great buys over two weeks ago. The long term trend will most likely continue to be up once the markets retrace for a bit. At this point I am more interested in managing my positions than hunting for new trades. What I have works, so I have no complaints. I would be cautious if you are now trying to find new trades. I would sit tight, let the markets correct for a bit and take another stab at it once the markets become oversold. One piece of advice that I can share is, to not be afraid of buying high flying stocks that are engaging in large breakouts. Learn about the catalyst behind the move and if the float is not terribly huge, watch the stock. Once you notice that it has a high chance of closing near the HOD, buy it and hold on until the momentum diminishes. A strategy such as that will help you (and myself) grab stocks such as NLST, REV and others when they are just making their initial moves. I too sometimes get fearful and neglect these sort of stocks. The truth of the matter is, these are real winners. The stocks that make huge gains in small time frames. If played right, they can surpass your yearly salary. The tricky part is identifying them (use 52wk hi list or a breakoutlist/high vol) and having the guts to commit enough capital and hold on for the wild ride. Another thing to note is that these sort of stocks appear when the market is bouncing from oversold positions and is ready to start a downtrend. Do not fall for stocks that are making such moves after the markets become overbought as they have a high failure rate. For instance, REV appeared right as the DJIA was finding support at the 5o day MA. NLST appeared once the markets bounced from support.  New BuysNew Buys: DBRN (21.01), FMCN (14.07), HEAT (11.63), JST (35.99), KMGB (in at 14.87), NABI (4.98), SBSA (0.71), THOR (30.68), TWB (9.64)  More Recent Articles |
